ESL Investments, the hedge fund run by Sears Holdings Corp. chairman and CEO Eddie Lampert, has thrown another lifeline to the struggling department store retailer to help raise cash.
When you can’t win playing by the rules, it’s time to change the rules. In the case of debt ridden publicly held retailers, innovation is one of the most effective “rule changers” available.
Jim Terrell, who in 36 years at Sears Holdings presided over divestiture, repurposing, and subleasing of dozens of properties, has joined A&G Realty Partners as managing director.
Eddie Lampert, the reclusive chairman and CEO of Sears Holdings Corp., has given a rare interview (to Vanity Fair) in which he discusses everything from his decision to manage his embattled company from a distance as to why he chose to invest in Sears’ online business as opposed to its stores.